Bailey on Nostr: Celsius hopes to go for clawbacks against normal retail customer withdrawals 90 days ...

Celsius hopes to go for clawbacks against normal retail customer withdrawals 90 days before filing. A disaster for the industry if it goes forward.

“The Debtors will waive preference claims against any non-insider customers who (a) vote in favor of the plan and (b) have aggregate withdrawals less than a certain threshold (which is TBD) in the 90 days before the Petition Date”